Indians React to Vikram Pandit’s Citigroup Exit

News of Vikram Pandit’s resignation as chief executive officer of Citigroup Inc. came as much as a shock to his fellow Indians as it did to Wall Street.

Mr. Pandit became one of the most prominent Indians in the global financial world when he was appointed chief executive of the banking giant in December 2007. He had joined Citi earlier that year, when the company acquired Mr. Pandit’s hedge fund Old Lane LP.

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Deal Journal is an up-to-the-minute take on the deals and deal makers that shape the landscape of Wall Street, including mergers and acquisitions, capital-raising, private equity and bankruptcy. In short, wherever money changes hands. Deal Journal is updated throughout each trading day with exclusive commentary, analysis, data, news flashes and profiles. The Wall Street Journal’s David Benoit is the lead writer, with contributions from other Journal reporters and editors. Send news items, comments and questions to deals@wsj.com.